Our Quote Compare feature uses an advanced Large Language Model (LLM) to process and analyze your documents. This powerful AI consolidates and summarizes the most important details from your quotes, doing the hard work for you. You can then focus on selecting the best vendor and moving on to your next project.
We analyze each document to identify key information blocks, such as:
- Vendors
- Superlatives (e.g., best price, best terms)
- Line Items
- Grouped Line Items
- Analysis and Considerations
- Delivery Timelines
- Lead Time Comparison
- Safety Risks
Once we understand the content within each document, we consolidate all information into a clear, easy-to-understand comparison.This includes critical metrics such as quote deadlines, lead times, and total costs to highlight vendor differences, ensuring you have everything needed to make an informed decision.
Beyond high-level summaries, Purchaser provides a granular analysis for every quote to ensure your procurement process is both transparent and precise:
- Version Tracking: We track every quote version, creating a historical audit trail of pricing and term changes throughout the negotiation.
- Comparison to RFQ: We compare quoted line items vs. requested line items to identify any gaps in the quote or any additions.
- Smart Mapping: Our system automatically aligns quoted line items with your original RFQ requirements, eliminating the tedious manual effort of cross-referencing documents.
- Comprehensive Views: Evaluate your data through two distinct lenses: a Side-by-Side View for direct comparison of requests versus responses, and a Line-Item View for a consolidated look at all mappings. These standardized formats simplify the review process—and with more specialized views in development, your analysis will only get more powerful.
- Manual Overrides: When vendor quotes feature non-standard structures or unique substitutions, our manual mapping tool gives you ultimate control. This flexibility allows you to link complex items back to your initial request, ensuring data accuracy and a reliable audit trail.
To learn more about understanding your quotes and a a more in-depth walk through of our quote comparison platform, visit our Understanding Your Comparison guide.
Still got questions? Contact Us or Book a Demo to learn more about how Purchaser can fit into your workflow.
